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JUNE 26 FINAL DEADLINE FOR RESERVATIONS IN CHESTNUT STREET VENTURES 1

The reservation deadline for our first fund is Mon., June 26. We're projecting a close of over $4M, maybe up to $5M. We expect to be oversubscribed, but there are still a few spots left before we reach our 99 investor limit. Investors have been attracted by the chance to own a diversified venture portfolio—plus co-investing with top quartile VCs. Explore our investments to date (co-investors include BlackRock, Greylock, Andreessen) to see the great start we've made.

If you'd like to be a Founding Investor, just click the "Join Our Investor Community" button at the right to start the discussion.

OUR NEWEST INVESTMENT COMMITTEE MEMBERS

We are pleased to introduce several new Investment Committee members this month, who will assist us in evaluating deals.

tarrach.pngChris Tarrach has unique and varied experience blending capital markets and investment management skills with operational experience as a C-level executive. He serves as Division CFO for Envestnet | Tamarac, a leading provider of integrated, web-based portfolio rebalancing, performance reporting, and customer relationship management software for independent advisors and wealth managers. He joined when the business was independent and VC-backed, and saw it through the acquisition by Envestnet. Previously, Chris ran a proprietary, long-only concentrated value hedge fund for six years, with returns exceeding those of the S&P 500. He started as an options floor trader in foreign currency and S&P 500. He holds a BS in Economics with a double concentration in Finance and Strategic Management from the Wharton.

Meg-CharlesHorn.pngMeg Charles-Horn is a seed investor and growth strategist focused on mobile and disruptive web and cloud‐based products and services. Leveraging her business acumen, empirical global management, and legal knowledge, she provides solutions, guidance, and funding to early and growth stage global startups. Meg has held key leadership roles as an equity partner in the global law firm Swidler, Berlin (now part of Morgan Lewis Bockius); Head of Strategy of a venture-backed global telecom startup; Deputy General Counsel of Orange Business Services; and as a member of the Executive Leadership Team and General Counsel of the GSM Association. She has a BA in Internal Relations from Penn and a JD from Georgetown.

INVEST WITH CHESTNUT STREET VENTURES

Join Our Investor Community

We offer alums three easy ways to invest in venture capital:

1) Annual Funds. Our most popular offering. You own a professionally managed portfolio of 15-25 top venture-backed companies.

2) Co-Investment Program. Great way for newcomers to participate in VC. Opt into select Annual Fund deals with low minimums.

3) Partner Program. For investors with a large annual budget who want a broad, customizable, index-like venture capital portfolio of ~100 top VC-backed companies.

Read more about our investor community here, or click the button above to join. It only takes two minutes.

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We invest in all sectors and stages and seek companies connected to a Penn alum—preferring to follow in a VC or PE firm with sector expertise.

If you would like to share deal information, please email details to
[email protected]

IMG_3776.jpgGREAT TIME AT THE COMMUNITY GET-TOGETHER!

Managing Partner Gail Ball hosted lunch and dinner meetings on June 15 for community members of all types. We were privileged to greet LPs, prospective LPs, ambassadors, and entrepreneurs. The lively conversation reflected the enthusiasm and breadth of the Penn ecosystem, and resulted in new deal flow and several referrals to other prospective LPs. 

We plan more such get-togethers as one small way to honor our commitment to all our supporters.

ENTREPRENEUR IN THE SPOTLIGHT

This month in the spotlight is alum Paul Shrater, W'95 (Entrepeneurial Management Concentration).

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What got you into being an entrepreneur? I started as a film and TV producer and writer, but did a career shift after launching a side project, Minimus.biz. My family went on a vacation, and everyone had their favorite BBQ sauce, cereal, etc. When it came time to fly home, they lamented throwing away the remainder of these full-sized food packages. They thought it would be great to have minis of all your favorite foods. They brought me the idea, and I wanted to extend it to all minis.

It was 2004, the start of ecommerce. I thought there might be a shot at growing through web shoppers. I started with 500 sq. ft., 4 shelves, 0 employees. Over the next three months, the business took off and needed my full focus. So I decided to change careers. Three months later, we had 5 employees and a 10,000 sq. ft. warehouse. Since then, we've really grown (now in Internet Retailer's top 1000 grossing ecommerce businesses, top 300 for B2B), and I’ve launched and funded other businesses.

What is your role at your current company? Which one? Which hour? For Minimus B2C and B2B divisions and our fulfillment company, I foucs on business strategy and development, project management, marketing, process improvements, and more. For my contract packager, I do business strategy and development. I'm also partnered in a new accelerator/PE company, and for that, I seek brands to work with on project/brand development. Overall, I work with clients to connect them to our various business elements. 


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>MBA Admissions Entrepreneurship Panel & Alumni Panel. This June 22 SF event will feature successful alumni entrepreneurs discussing the MBA edge for startup founders.

>Interview with Penn Wharton Entrepreneurship Startup Winner. Joseph Quan discusses Twine, his company that finds an employer's best internal candidates through algorithms. 


>Standing ovation for Wharton 2017 grad who was originally placed on Wharton’s waitlist.  Dante Pearson, Head Fellow of the Wharton Investment Management Fund and commencement speaker, advises, “We can’t afford to wait while we wait.”

>Little ideas can be powerful and Steve Job was disruptive, not a disruptor. Those and other ideas about innovating around core products from Wharton Professor David Robertson.

>Student-led team tackling food deserts wins first Franklin SP Social Innovation Prize. Fresh Box aims to offer healthy food and a dignified shopping experience to address the food desert issue.

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Gail Gilbert Ball
Managing Partner

Ven Raju
Vice President

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Important Disclosure Information 
Chestnut Street Ventures is a Series of Launch Angels Funds, LLC, is an independent, for-profit company. It is not affiliated with nor officially sanctioned by University of Pennsylvania. Launch Angels Management Company, LLC (LAMC), is the General Partner to Chestnut Street Ventures, a Series of Launch Angels Funds, LLC.

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